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of employees he has to less than 50 so he won't be subject to penalties under the 2010 health law. so right now the federal government is keeping him from offering jobs. that hurts the people who need jobs and who would be happy to be on a payroll where they would be putting their own contributions into social security and medicare. increasing taxes means less growth and fewer jobs, and that's not balanced. three years ago i made a pledge to oppose tax increases. i made that pledge to the citizens i serve and to no one else, and i made it because tax increases will hurt them. when jen, the owner of la petite cuisine in new york says the best thing i can do is give her a break from high taxes, i believe her. i ran for congress to help jen and all the small business people like her who are the engines of job creation. i ran for congress to help all the people who need employers like jen to hire them. these good people deserve better than temporary fixes. they deserve a plan that solves our economic problems for the long term. they deserve a plan that goes beyond politics and shows a commitment to
borrowed and spent all the program surplus revenues from years past, which by law congress now has to pay back. adding to the deficit. >> the money came in. congress spent it. look here, we have money to spend. let's go ahead and spend it up. there it went. it's gone. >> social security now needs to start getting the money back again adds to the deficit. just this year alone, the social security trustees' report that "in 2012, the projected difference between social security's dedicated tax income and expenditures is $165 billion." part of the $165 billion added to the deficit, $112 billion of it is a result of the payroll tax cut that president obama pushed through, which by law congress also had to restore to the trust fund. all points republicans emphasize in the current talks. >> why in the world would they want to talk about the fact that vital program started spending out more than it took in, in 2010, for the first time in 30 years? >> shortal in social security eventually reaches hundreds of billions a year. but some changes now would help reducing the benefits for the wealthy or
coverage, save money, or both. and check out the preventive benefits you get after the health care law. open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. >> shepard: high stakes showdown in one of the arab world's most important nation following a week of antigovernment demonstration demonstrations. lawmakers in egypt today began hashing out a new constitution. after six days of dictatorial rule. of course, critics say the new government has already taken a step in the wrong direction and the move its making now could ripple across the middle east and affect u.s. interest in the region. protesters have been battling police ever since egypt's new president last week granted himself near absolute power. today, the president said the power grab will only be temporary. >> we have to share everything based on stable laws and based on the separation of powers executive, legislative and judicial. these matters should be independent and will take time. >> shepard: president morsey's infamous political party now has a majority and therefore a very st
of marriage act passed in 1996 by congress, signed into law by president clinton. and what it says is that for federal law purposes, marriage can exist only between a man and a woman. so that means this in the nine states where same sex marriage is legal, if a same sex couple gets married there, they're considered mayrried for state lw but not federal law and the practical consequence is they are denied about 1,000 federal benefits, tax benefits, survivors benefits, to be covered under health insurance. that sort of thing. it will have to decide whether that law is unconstitutional discrimination, denying those couples equal treatment. what the advocates of overturning it say is never before has the federal government done anything but defer to a state's definition of what a legal marriage is. now the second big issue is california's proposition 8. this was the ballot proposition passed, overturned two years ago. what it says is that even though a california court said that marriage was legal in that state, it banned gay mrarnlg in california. now if the court grants that case, the
a law that would prevent a tax hike on the first $250,000 of everybody's income. gerri: there's the president calling out congress. what do you have to say, congressman? >> yeah, here we go in the middle of this. the house passed all our tax things in april. we passed the sequestering documents in may. we waited for the senate since may to reciprocate on that. the senate and white house sat on it, and they said we'll see you in the lame duck period. now it's lame duck, and now they want to get started when we finished or work in may on it. it's been frustrating in the process. it's the same song, 38th verse on it, waiting for the senate to get it going. now we're actually going, and the president now says you can clear the table on this. the reality is this is not a tax issue. it never has been a tax issue. we have the same amount of revenue coming in in 2012 that we had in 2007, but we spend a trillion dollars more per year now than we did five years ago. this is a spending issue. gerri: spending or revenue, that is, the amount of money taken in by the federal government has
signed by president clinton, it defines marriage as for federal law purposes as only the legal union of one man and one woman. now, the practical effect of that is that in the nine states that now grant or soon will grant same-sex couples the legal right to get married, those couples are legally married under state law, but the federal government doesn't recognize their marriage, which means that they can't get survivors' benefits, they don't get tax benefits, they don't get social security benefits. about 1,000 benefits in all that are the result of this federal law that's being challenged by several cases. and that's why you say there are at least eight of them, all of which say that the federal law is unconstitutional discrimination. and the challengers also say there's never been another case where congress says, well, we're not going to recognize a marriage that the state defines as legal. so i think that's the most likely thing that will happen today. but one of the cases that the justices will be talking about is the challenge to california's proposition 8. that's the voter-ap
. >> would you pardon the phrase, they broke the law legally, persuading akin federal bankrupy judge to disallow 200 years of precedent. the night that supreme court was called into a emergency secret session to decide whether or not they would intercede with gm bankruptcy, they had one night to get involved. the vote of do not get involved. no matter how tortured this is. neil: why? >> they never give a reason, the person i was having dead, said don't ask me. neil: you went to dinner with a supreme court justice? >> i have some friends, you know, you are in my category of friends too. neil: yeah we were at tad's steakhouse and they were closing. >> gm saga is filled with twisting and torturing laws, and avoiding spe economy saiding eve laws by people who are to carry them out. >> they were told, not a lot of layoffs, they went to mitt romney's point, a managed bankruptcy, albeit one backed up with taxpayer money, and do the very thing now they said they would not do. i have no problem with companies expanding to china, but it was never billed as that. >> do not hold your breath wait
all sorts of corporate law. bondholders. they move it back of the line. >> they broke, everything. >> would you pardon this phrase? they broke the law legally. meaning they persuade ad federal bankruptcy judge to disallow 200 years of precedent and twist and bend and torture statutes. the supreme court declined to get involved. i was with a member of the supreme court. won't tell you the person's name the night the supreme court was called into emergency secret session to decide whether or not they would intercede with the gm bankruptcy. they got involved. the cash was distributed next day. if they didn't get involved it went through. the vote was do not get involved. no matter how tortured this is. neil: why? >> they never give a reason. the person i was having don't ask me having dead, said don't ask me. neil: you went to dinner with a supreme court justice? >> i have some friends, you know, you are in my category of friends too. neil: yeah we were at tad's steakhouse and they were closing. >> gm saga is filled with twisting and torturing laws, and avoiding spe economy saiding e
>> steve: up in the great state of washington. same-sex law takes affect on december 6th. what that means, the department of health. they have all of those forms to fill out when people get married. they are proposing to get rid of bride and groom and husband and wife and replace it with something . they haven't figured out. it might be spouse a or spouse b or person a or person b. >> brian: person a takes to the be the lawful wedded mate. >> gretchen: you can't even explain it. when you try to explain you go down a bumpy road. guess how many people complain and want to take bride and groom out of the marriage certificate process. >> brian: we can't hear their answers. >> gretchen: so guess how many people. >> brian: a lot. >> steve: i don't know. >> gretchen: brian said a lot. >> steve: probably not that many. the problem is they changed the law and voted it in and now the government is trying to catch up what the people want. >> gretchen: they voted it in to law same-sex person. one person complained. >> brian: well >> brian: well. was it the brood or the groom. >> society we live n one
the judicial review. that ignited street credits there. >> we have to share everything on the table laws. for stable laws and separation of powers. the matters should be independent and will take tim time. >> they stress the faith of each constitution will be decided by the egyptian people. >> it will be up to them whether they need their standard. have a chance to make it clear. >> it's a question whether the move will be enough for the opposition. they have come out in force for seven nights. your will see likely protests in short-term on friday by those wanting to drive the president out of office. the size of the protest will give the first you indication of where they stand. >> thanks. united nations upgraded status on the world assembly to take a step toward recognition and ignoring u.s. opposition. eric shawn has that story tonight. >> in washington, bipartisan group of senators are threatening to cut funding if they use the status to punish israel. >> two states, one jewish and one arab. >> the jewish territory created israel. but for three palestinians palestinians rejected that
law in the new constitution. concerns about the protection of women's rights in this constitution. basically this is document written by the muslim brotherhood because all liberal members of this assembly walked out long ago, bill. bill: is there a chance that will diffuse the protests we have seen so far, steve? >> reporter: the hopes were on the president's side that this could diffuse the protests. this constitution would go to a referendum, be voted on and president morsi would give up his extraordinary powers. what we see is the reverse. it has inflamed the opposition. we could see one of the biggest protest demonstrations today we've seen so far, bill. bill: steve harrigan, thank you. we're waiting and watching for more developments out of cairo, egypt. we're coming after the moment where prayers end on a friday afternoon. so watch that story. martha: crowds in those streets. we'll keep an eye on it. we're just getting started on this friday morning, everybody. there is new information on the health of president george h.w. bush after he was admitted to the hospital. we have
, in his words and backed by new laws. he said the police did act wrongly at sometimes. as for politicians and their relationship with the press they said they did not act as times in the public interest. coincidentally in court today here in london two former executives of news corp.'s newspaper division here, news international. andy coal son and rebecca brooks are facing charges of alleged corrupt payments to officials. some 80 people have been arrested so far in this scandal. again these are just opinions, these are recommendations but they come after that lengthy custody deand from a very authoritative source. we are waiting to hear what prime minister cameron says and other politicians, then we node to hear what they are going to do with this. we've got to believe there will be very strong opinions on both side getting to the very core of a lot of important issues, including freedom of speech and what the government has to say about that. back to you. martha: greg palkot in london, thank you. bill: the investigation into the eye tack in libya, where four americans were killed, that c
shop owners attribute it to politics and mother nature. lawmakers might soon enact gun control laws. across the northeast residents want to protect thems following superstorm sandy. >> since the election you have had the perfect storm. you had hurricane sandy. you had re-election of barack obama. you have people realizing not only is it their second amendment right but they may be in a situation where they need a firearm to protect themselves. they're coming to the realization. it is just caused up tick and a spike. last friday on black friday it was through the roof. >> reporter: according to gallup 43% of women surveyed last year report owning a gun which is a new high. the nra is reporting that over the last four or five years there has been exponential increase in women participating in safety programs and licensing programs and hunting programs. women feel safer knowing how to use guns. i can tell you some of the gun shop manufacturers are starting to market more toward women. you see the pink series what i'm wearing here and the long rifles and some are for breast cancer aware
really heavy lifting jobs. it's different if you're working in a law firm and they keep you around for a few more years rather than you're driving a semi ray cross the country on route 70 or 80 all night long. you may not want a guy 730 years o -- 70 years old or a woman driving that truck. i really think you have to find something not -- i think the word hardship, not handicap, whether it be a hardship type role that are recognized as such where you get to retire sooner. i think we can deal with that over time but it takes more finesse. >> george will in his column today writes this, with a chip on his shoulder larger than -- >> i think will has a chip on his shoulder. >> -- barack obama is approaching his second term by replicating the m is stake of his first. now he seeks another surge of statism enlarging the portion of gross domestic product grasped by government and dispensed by politics. i guess that's how he describes keeping middle class tax cuts but while this may cause apoplexy among some republicans, isn't it time they realize that a majority of people voted for governm
immediate effects. american law will not be triggered to cut off aid to the palestinians, for instance. so there is an opportunity to pivot from this. interestingly, in the past several weeks, the u.s. and israel have become very close under diplomatic strategies. the gaza conflict may have forced an acceleration of that. certainly leading into this vote as well. now there's an opportunity to capitalize on this new political connection. president obama, president abbas, prime minister netanyahu are all in stronger positions and they will be after today for their domestic audiences to recognize the potential for some types of sacrifices in the days ahead. that's really where we need to go is to how to get a process started again that sees compromises and commitments. >> do you agree with that, rula? do you agree this will give a boost to the palestinian authority, mahmoud abbas? >> it will. not because of the united states', you know, help. actually, united states is voting against it. and -- >> in a voting bloc with israel. >> in bloc with israel undermining their own interest. these are t
for a law that they firmly believed would never occur. >> exactly. >> that's how they voted for it. >> let me just say this, though. it is still an open question how the leverage plays out and you can see the contours of a deal in which if the president's chief priority is short term stimulus -- the president's chief priority is start term stimulus, protecting tax rates in the top, those two things can be done at the same time. it's not very good for the long-term deficit. but as i always say, no one actually cares about the deficit. >> right. the -- there's a report out tonight that tim geithner made a fascinating proposal to boehner today which is basically get congress out of the debt ceiling game. mr. geithner proposed permanently ending congressional purview over the federal borrowing limit. republican aides revealed this. he said that congress could be allowed to pass a resolution blocking an increase in the debt limit, but that the president would be able to veto that resolution, and so then only a two-thirds -- two-thirds of lawmakers would be necessary to override a veto. put it -
you're going to to on the tax side. that's simple. you have to pass a law that says the present law has to be overridden. the argument is whether it's overridden for people over 250,000. >> and what would be your position on that? >> oh, i think the simple thing to do, obviously do what the president is saying. he ran a campaign on it. if you have to act in three weeks, you're not going to revise the whole income tax code in the next three weeks. all this business about deductions may be perfectly legitimate and i think that both income tax -- personal income tax and corporate income tax need a lot of thought and a lot of revision. they're both broken. but you're not going to do that in three weeks. the challenge that i see is in three weeks you've got to have some convincing balance of the tax side, the revenue side, with the expenditure side. you can't change the expenditures in three weeks. you can indicate intentions, but you can't -- >> we'll have more of that conversation throughout the show including interesting comments he has about bernanke and interest rates and what's goi
. they will likely be replaced with more gender neutral terms spouse a and spouse b. the same-sex marriage law takes effect december 6th. >> the video you have to see a zebra and tony captured on cell phone video running wild through the streets of staten island, new york. it happened during a busy morning commute. >>> it's a zebra. it's staten island running past me. it came towards me. i tried to stop him so it didn't run into the street. it didn't stop. they were running so fast. it was like a herd moving the pony was leading and the zebra was behind it. >> behind them the petting zoo owner. he let them out of their stalls to clean the stalls and forgot to close the gate. with the help of the nypd he was able to get them back home safely. >> nypd does just about everything. >> they are very cute. >> could some of the world's most dangerous terrorists in a completely different story here be headed to the u.s.? a top democrat wants to put detainees in prisons in the u.s. doug is following this story for us. >> is closing guantanamo really an option? one u.s. sen is tore said yes. it is achieveable
that are coming at us is social security and medicare and the new health care law. >> reporter: now house democratic leader nancy pelosi is calling the speakers to bring the tax to the floor by tuesday or she will try to force a vote. boehner is not likely to buckle under pressure so it seems like a standoff. >> gregg: sfuaf. what a surprise? they want to resolve this fiscal crisis or lack in his real compromise. john boehner is leading an attack on the lack of progress. >> there is a stalemate. let's not kid ourselves. it was not a serious proposal. so right now we're almost nowhere. >> gregg: almost nowhere. how about that? staff writer for roll call joins us live. the president promised a balanced plan, a balanced approach. he must have said eight thousand times. then he finally puts out his offer, it's a plan that doubled the tax hikes that he campaigned on and it adds about $150 billion more, not less to the deficit in and new spending. to republicans with that kind of equivalent of lucy and the football and they are laying flat on their backs? >> republicans scoffed at this first fo
that any related -- any question can touch on that. there is a family law that can be basically used to impress women. freedom of speech is guaranteed, but you cannot insult individual human beings. connell: what do we do? we went through and all watch what happened in the arab spring. the constitution is thrown together in egypt. we know they are an important relationship with us. what do we do? what does the united states do? >> we have to recognize our limitations. we can only play on the margins. money changes everything. morsy is achilles' heel, that is really the economy. tourism is gone. it is very important to them. foreign investment has essentially dried up. we do spend well over a billion dollars in aid, primarily to the military every year. it filters through the economy. we should stop -- connell: we should stop doing that? >> if morsy pushes through the constitution, there is no reason to continue sending over billions of dollars a year. it also looks like under this constitution that morsy bought off the army. they get the money. they spend it anyway they want. this co
member is outside monitoring what happens. >> that is fascinating but that state law on disciplining students really varies wildly and that the federal law restricts, if there is no federal laws, to restrict policies and practices like this. looked like a jail cell. >> that seems a little harsh for kids, you know, that age. sure teachers will find a way to rationalize it. that seems a little overly punitive and strange. but obviously think, if it gets strong enough parental reaction they will change some of those policies. >> you think. seems archaic. >> music to my ears. the next story. still to come on the show, tony soprano, yes. the man, he is back. >> this is music to my ears -- brad pitt. the action packed movie starring brad pitt and james gandolfini, is next. >> announcer: "world news now" continues after this from our abc ♪ ♪ ♪ until brad pitt comes along >>> if you like that song, well, brad pitt, of course, is among the heavyweights in a new movie that looks like an action packed crime drama that also raises pretty interesting political questions as well. >> and "sop
budget. the number one to me would be the consequences of the affordable care act. 2010 health law. very well intentioned. massive costs. we would have to discuss it again. social security and medicare are commitments we've made to our seniors over decades. senator gutierrez is exactly right. we've got $700 billion was shifted out of medicare -- >> you're willing to cut social security or not willing to cut social security? >> no. we have to have a rational approach to -- social security's primarily a little bit of an arithmetic issue. the age eligibility is going up. that's already in current law. we have to have a conversation about that. but it's got to be democrats, republicans together. i think politically it's very -- it's clever, but it's -- i don't think republicans are going to go along with well, gosh, mr. president, somehow you're asking us to make all the tough suggestions and choices about -- >> that comes with entitlement reform. >> secretary gutierrez is exactly right. this is for the president to lead on as well. he's entirely capable of doing it and i think he does need
of small amounts of drugs. in conflict, the federal law and international trading. i spent a lot of time in behavioral health care chronic addiction. crc health group, nothing's al association of drug courts. i basically think it's a bad idea to have increasing use of drugs, schedule one drugs, to include marijuana, in the workplace, in the home, in the schools. so i think we're on unchartered ground. it's hard to know where this is going. 14 years in a row, we have reducing rates offed a less tent drug use. the last three years have gone up. i think ten years from now, we're not going to like where we are. >> well, let's talk about one thing that is very obvious and benjamin, we've reported a lot on this. and that's drug violence in mexico. and you point out that nearly 60,000 people in six years have been killed in the drug wars in mexico and elsewhere. and disturbing employee thought you talk at the end of your article about the mexican mafia is operating in northern california. are there serious indications that they are and what are the chances we'll see more drug violence here in t
by president mohammad morsi. assembly voted earlier to keep the principles of sharia law as a main source of legislation. back-to-back bombings killing 39 in two major cities south of baghdad. more than 100 others were injured. the attacks targeting or shiite muslims, the deadliest attack coming in the city of hello where police estimate 27 have died after staggered car bomb blasts. the director of the international atomic energy agency is now saying no concrete results have been achieved in trying to clarify iran's nuclear ambitions despite his agency's best efforts. the u.s. and other western nations pressuring iran to halt production of uranium, they plan to build a nuclear warhead. those are your headlines. back in an hour. back to dagen mcdowell. dagen: more breaking news for you. you know one of the two winning power ball ticket was sold in the state of missouri. where exactly? we just found out. data tracks mark which is a convenience store chain near kansas city. the winner will share the record $580 million prize, the second winning ticket sold in arizona. we are still waiting to
, depends on michigan law, depends on the michigan constitution and how it's interpreted. stuart: and it would go to the states. if the court says you've got to pay then the state has to pay as opposed to the city, right? >> well, if they're insolvent, you know, raise taxes you're right. stuart: on who. >> very good. [laughter] >> they're done for, i suspect. steve, thank you very much, sir. speaking of putting all options on the table, new at 10. the mortgage interest deduction could be cut or certainly limited as part of a fiscal cliff deal. it's on the table. okay? we're talking about that coming up at the top of the hour, one of our new at 10 stories. all right, back to nicole, research in motion, all right, all over the place these days, but today they're up and i want to know why. >> a buy rating for goldman sachs equals up arrow and this is as simple as wall street gets. you've got positive comments right now on blackberry, for research in motion and the blackberry 10 coming out on january 30th, goldman sachs is saying that the first time in three years the street's estim
policy it is hard to give in until we're in a position where it's already de facto law. negotiating over what provisionally or aspirationally might happen is really hard for negotiators. it's why we see negotiations in business break down and go into strikes and lockouts all the time. my favorite nhl is in that situation right now. stooimts sometimes you have to get there. >> i actually think that the president and the white house really don't want to see that happen. not just because of the political posturing but because there are real consequences for americans. the white house started talking about that at the beginning of the week. i mean, a lot of americans, the way they can afford christmas is they take out a loan to buy christmas presents against what they think they're going to get back from their taxes. they get their tax return, and that's what that money back, that's what they repay their loan. if that's how you're living your life and you're watching what's going on in washington, you have a lot of anxiety. and also for businesses, i mean for business cycles, particularly gi
the preventive benefits you get after the health care law. open enrollment ends dember 7th. so now's the time. visit care.gov or call 1-800-medicare. our next guest said there are tons of jobs out there but there are not enough people to fill the jobs there. is a shortage of workers. millions of americans are without jobs and what is the importance of blue collar jobs to our economy. here is founder of blue collar corner opinion comgood morning. >> thanks for having me. >> steve: we read texas, iowa and arizona and florida, they need people to build stuff but there are not enough people. where did they go? >> we are coming off one of the worst cycles of construction i experienced in three decades. that skilled labor force moved on and went in to safer industries with a stable market . we lost them. a lot of them retire we lost a lot of good talent. we could remedy. >> steve: we are going to find out how . demonstrating the need. 320,000 people stopped looking or working in the particular field. a lot of the people are you know, a lot of young people just starting their job careers. okay, i go
with at least $50 billion in the first year an increase in the debt limit that would change the law for congressional approval. we'll show you more but let's hear from you. duluth, minnesota. hello. caller: good morning. thanks for taking my call. my comment is about the fiscal cliff and social security, i don't really think that social security has really ever been a cause of the deficit. there's more funds coming in than there is funds being sent out in checks. and this whole security tax is a separate tax from the federal tax. and -- host: so this proposal includes the extension of the payroll tax cut. what do you think of that proposal? >> i think that's fine. i think extending the payroll tax is probably something we're going to have to look at doing. but when they start talking about using social security money, that botters me, because social security is never needed -- has never needed federal dollars before to fund the program. host: ok. off of twitter this is reding who says they have not offered a deficit reduction plan. republican big pledges tax reform and closing uns
it of the huge expenses of the obama health care law which is facing them as well, so i'm always optimistic, you great concerns about the direction of the economy under this president. >> i don't know how you could be opoptimistic if everybody is making vacation plans and all i hear is you're at a stale mate and the goal posts are being moved and nobody is talking in the same room. i just frac fragilely frankly t. >> the election was four weeks ago from tonight. it's four weeks from now in the future that we're over the cliff, and i see no movement by the president. the offer that tim geithner brought was an awful one. he just wants a new credit card without a limit. the senate hasn't passed a bucket in almost four years. >> if we hit the debt ceiling at the end of the month, it will go into effect about february because there's some money games we can do to pay our debt until then, to manage to get by. in february when we're totally out of money and all the americans who filed for their tax returns wanting their money, they want their refund and we don't have any cash, we'll see how happy the a
. there is no palestinian state. there is nothing that meets the custnary international law definition. the palestinian authority violated the oslo accord trying to change the status of the west bank and gaza through a means other than negotiation. i have to say it was a vote that could have been won by the united states and israel. but that, leave it for another day. i think israel is responding appropriately. i think that the initial israeli reaction sort of shuts the whole thing off was a mistake. this is a serious problem. and i think they are well within their legitimate rights to take the steps they take. >> eric: you said something fascinating, you think the vote could have been won. it was overwhelming. 138-4. nine against, 41 abstentions. how do you think, ambassador, israel and the u.s. and israel's allies could potentially have won this? >> guest: the same way that the george h.w. bush administration defeated very similar efforts by what was then the palestine liberation organization in 1989-1990 to enhance the status in the u.n. at that time, secretary of state jim baker said flatly and une
-max hybrid. >>> talk back question today. should the tragedy cause us to rethink gun control? laws are for the law abiding. people who commit crimes pay no attention to laws. this from simon. guns don't kill people. oh wait. yes, they do. this from james. if what happened in arizona doesn't cause us to rethink gun control nothing will. and this from mike. steak knives, baseball bats and automobiles make great murder weapons, too. the whole notion of gun control is just plain stupid. we have a behavior problem in this country. that's where the focus needs to be. continue the conversation. >>> there are fabulous sports stories this morning. there are. "sports illustrated" about to name the sportsman of the year. that will happen live right here in two minutes. so anyway, i've been to a lot of places. you know, i've helped alot of people save a lot of money. but today...( sfx: loud noise of metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) awhat strange place. geico®. fifteen min
government. united nations is going to be -- you know, dictating american law and things like that. look, all of the crazy talk they did for the first four years and then we had election -- the american people said yeah, we like that guy. none of this is -- i think they're going to spin the tales for four more years because they sound, for that echochamber it sounds fun. >> stephanie: ben stein on o'reilly. >> a lot of angry, bitter people out there. they've got to attack something. so they attack christmas. they're not -- i don't consider them well in the head. >> what! >> nobody is being forced to bow down and worship anybody. nobody is being forced to do anything against his will. if you drive by a crash how are you possibly harmed by that? how can you be harmed by that? >> i thought he was going to talk about susan rice. >> stephanie: eric you know why he had to join the war on christmas, because he stepped off the reservation saying the rich people should pay more in taxes a couple of weeks ago. so i think he had
so they are looking at higher taxes, they're looking at obamacare being the law of the land, is all of that investment freed up, or are we suddenly going to see a blossoming of american confidence and business confidence like we're seeing on the consumer confidence side? >> i think what you'd see, certainty is the best stimulus for the business community. >> so we will see investment even if it's higher taxes than we would like? >> yeah, you wouldn't see all of it you didn't like. if there's not some territorial tax issues that aren't resolved, it's not going to be 100%. >> your firm is a business consultant. in your decades of working with wealthy people and taxes, our theory as far as raising the marginal rate and the capital gains would not change one spending habit, one investment habit for one wealthy american, agree or disagree? >> agree. in the bigger scheme of things and the macro economics, yes. i do think that the issue continues to be, to your point, is balance. and i don't think anybody wakes up in the morning and says i want to pay more income taxes. having said that, a
we not use her last name told us her daughter-in-law bought five tickets for ten dollars, waited until late thursday morning to check the numbers. >> she goes out to the car. says i guess we'll check it. she was looking at it. and she says is that a five or a six? she said i just couldn't see. she said i think it is a six. she came by here, she was shaking so bad, shaking going to the door. >> reporter: at the place the ticket was sold, those that have known the couple since the husband was in boy scouts, say a more deserving couple could not have won. >> probably couldn't have happened to a better guy. >> reporter: the husband and wife who have already shown the ticket to missouri lottery officials have three adult children and a six-year-old, a girl they adopted from china. >> it is wild, crazy to think somebody that comes in here a regular basis possibly won powerball. >> reporter: for much of thursday, the question was do the numbers hold meaning. dearborn is but 35 miles north of kansas city, home to the royals baseball team, and those winning lottery numbers, they match roy
, passed and signed into law. so there's little time left. not a lot. >> you're absolutely right. there's not a whole lot of time left. paul, some people say it always looks bleaker just before there's a deal. other people say it always looks bleaker just before it collapses. what do you say? >> right. john mccain is famous for quoting saying it's always darkest before it's completely perfectly black. and i think that's what it is now. the first step in this deal is the easiest. and that is extend the bush tax cuts for 98% of americans, but require the 2% of the most privileged of us, upper income americans, to return to the clinton-era rates. which would raise marginal tax rates on the rich from 36% to 39.6%. a real deficit reduction. 70% of the american people support that. they can't even come to terms with that. they seem to have not noticed the republicans that we did have an election. the president campaigned on this question of continuing tax cuts for the middle class but raising them back to the clinton rates -- returning to the clinton rates for the top 2%. he pledged that he w
and mother nature, fears that lawmakers might soon enact tougher gun control laws. and across the northeast, residents wanting to protect themselves following superstorm sandy. >> since the election you've had the perfect storm. you've had hurricane sandy, you've had the re-election of barack obama, and you have people realizing that not only is it their second amendment right, but they may be in a situation where they need a firearm to protect themselves. and they're coming to that realization, and it's just caused an uptick and a spike, and last friday, you know, on black friday it was through the roof. >> reporter: according to gallup, 43% of women surveyed last year reported owning a gun which is a new high. the nra reports that over the last four o or five years there's been an exponential increase in women participating in safety classes, licensing programs and women-only hunting programs. some women feel safer just knowing how to use guns. >> i felt like if we were going to have guns in the home, that i should know how the handle them, know if it's loaded, you know? i mean, there's g
ira's, all of that stuff. people are worried that the laws might change. is there something they should be doing proactively? >> yes. normal tax advice is defer income and accelerate losses towards the end of any year. in fact, this year --. david: just the opposite. >> exactly. accelerate your income, to the extent, not, don't sell things that you don't want to sell but things that you're thinking about selling sometime in the near future, sell it before january 1st. david: by the way, short-term capital gains, we had a small business owner on yesterday. her biggest concern that might be taxed as regular income which could go up to 40%. is that a concern to a lot of smaller businesses? have always been being taxed at ordinary income rates. david: they're concerned it will go up even more. >> go from 35 to whatever, whatever solution comes down. short-term capital gains it is equally important to recognize short-term capital gains if you recognize them in short term before january 1st. the general notion however is that, you know, to what extent our tax rates driving capital
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an outstanding reliability record and it's up to law enforcement to investigate thefts. u.p.s. says package theft is extremely rare, so low the company says it doesn't keep statistics. but videos posted online seem to show it still happens. suspected thieves taking everything from adult clothing to a how could they item? a child's bicycle. right off someone's doorstep. >> 'tis the season. we know that, you know, people are ordering packages and they're receiving packages. if they're not going to be home and during the time when they are expecting a parcel that maybe they should reach out to a trusted friend or a neighbor and ask him, would you pick up my parcel for me? >> to avoid theft, many delivery companies offer signature or delivery confirmation services for an additional fee. for kim, it's a lesson learned. >> this was worth about $400. and i just didn't really think about having this delivered to the office. so i just didn't think somebody would steal a package with clothes in it. >> reporter: yeah, police say thieves are generally looking for electronics and not women's clothes. now, som
into law i would be happy to. >> we are trying to get those, but we haven't yet. charitable deductions? you are a wig charity guy. >> listen, the president has seen a lot of the options from us. a lot of them are put on the table and i'm hopeful the conversations will continue. >> okay. but let's talk about your proposals because the president, and i'm sure this has driven you nuts, like to say the math tends not to work. let's look at your math. the white house says a realistic cap, and i'll explain what that means, of $25,000 on people making more than $250,000, a cap on their deductions, you can only take $25,000 in itemized deductions and exempting things like charitable deductions which is pretty unlikely you will do away with that, would only bring in $450 billion. not the $800 billion you are talking about, not the trillion dollars. $450 trillion. they say the math tends not to work. >> the white house knows that the math will work. to put the kind of revenue on the table that we've been talking about. it won't work if we are trying to get to $1.6 trillion. i'll guarantee you that. b
of 2011, into law and supported by republicans. and the way that works is the president would have the obligation periodically to request an increase in the debt limit, and congress would have the chance then to express its views on the merits of that proposal by disapproving that, and then the president would have to decide if a bill came to his desk about whether to veto or sign it. and the virtue of that mechanism proposed by senator mcconnell, a man of impeccable conservative credentials, is to make sure that the country is not left at risk of pure default. it's a very good idea. it's a republican idea. and we're suggesting they extend it. >> let me come back to the idea of, what is the pain point for democrats here? what is the pain that democrats are going to have to be willing to live with to get the kind of deal that you're driving with republicans on taxes when it comes to both spending cuts, particularly spending cuts to programs like medicare? >> well, i think that it's true that both sides are going to have to do things that are difficult for them, uncomfortable for the
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